WIRELINE Issue 36 - Summer 2016

NEWS ROUND-UP

OIL & GAS UK

7. MASTER DEED MARKS 13 YEARS Master Deed, a core component of the industry’s legal framework to streamline asset transfers, celebrates its 13th birthday this year with a total of 1,250 transfers processed through the system to date. It is just one of a number of pan-industry tools managed by Oil & Gas UK’s subsidiary LOGIC (Leading Oil & Gas Industry Competitiveness). As part of a drive for continuous improvement, from 1 January 2016, Master Deed users must now attend a training course to qualify as the transaction leader. Nearly 40 industry professionals have completed the course so far. Find out more about Master Deed at www.logic-oil.com/master-deed.

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Image © iStock.com/shapecharge

8. IDENTIFYING SOLUTIONS IN MAINTENANCE AND REPAIR Nearly 100 delegates attended Oil & Gas UK’s first Share Fair Spotlight event on 27 April in Aberdeen, where companies share problems they have with inefficiency in specific areas and encourage the supply chain to step forward with potential solutions. This first event focused on maintenance and repair and showed how companies can optimise operational performance cost-effectively and safely and increase the up-time of offshore production facilities. Similar events in the coming months will target decommissioning and logistics. For more information about the Share Fair Spotlights, visit www.oilandgasuk.co.uk/events.

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9. INNOVATIVE INVESTMENT DRIVES PRODUCTIVITY Innovative investment in infrastructure that can drive improved productivity was the subject of Oil & Gas UK’s Breakfast Briefings on 3 and 11 May in Aberdeen and London, respectively. Over 300 guests heard from Andy Hessell, managing director of CATS Management Limited; Tom Gilchrist, Wood Group PSN’s operations and maintenance director, UK & Africa; and Andy Heppel, CEO of North Sea Midstream Partners. Mike Tholen, Oil & Gas UK’s upstream policy director, comments: “Over the past five years, the conventional model of offshore operators owning their own dedicated infrastructure has been shattered. Enterprising new entrants to the UK North Sea who specialise in hydrocarbon transportation and processing are bringing a fresh focus to operating excellence. These new investors have spent nearly $2 billion over the last two years acquiring offshore infrastructure, opening new avenues for employment and boosting the potential for developing the billions of barrels yet to be recovered from the Speakers gave short presentations on maintenance and repair and then took questions from the audience at the Share Fair Spotlight event UK Continental Shelf.” View the webcasts at http://bit.ly/EventsArchive. Also see the Spring 2016 edition of Wireline for an article on CATS at http://cld.bz/gdRccht#35.

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Over 300 delegates attended breakfast briefings in Aberdeen and London exploring how innovative investment in infrastructure can drive improved productivity

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